Gold price is making an effort to surpass the consolidation it has been in for the past week, which ranged between $1885 and $1900. After reaching a new low of $1,885.00, precious metals are now recovering.
This week, gold prices (XAU/USD) experienced a rally due to the pause in the increase of US Treasury yields. This was fueled by increasing expectations for a rate cut from the Federal Reserve.
This week, gold prices (XAU/USD) experienced a rally due to the pause in the increase of US Treasury yields. This was fueled by increasing expectations for a rate cut from the Federal Reserve.
Comment:
Gold is still following the plan
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